Insider – April 2020
1 April 2020
The Insider for April includes articles on the following subjects. Please click on the image to the left if you’d like to download the full details of the articles.
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COVID-19 postpones off-payroll extension to the private sector
The Government has delayed extending the controversial off-payroll working rules to the private sector, as the UK fights to contain the coronavirus pandemic.
Coronavirus pandemic prompts one-year business rates holiday
Most small businesses in England will pay no business rates in 2020/21 in the wake of the coronavirus outbreak in the UK.
Chancellor ups annual pension allowance thresholds by £90,000
The point at which tapering of the annual pension allowance kicks in will increase by £90,000 for both threshold income and adjusted income in 2020/21.
Entrepreneurs’ relief lifetime limit slashed from £10m to £1m
The amount of capital gains tax small business owners can potentially save when they sell their business has been cut by 90% for 2020/21.